May 8, 2000
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|
Company |
Micro Technologies (India) |
Market Price |
Not listed |
Lead manager |
Keynote Corporate Services
|
Listing At |
Pune, Ahmedabad and Hyderabad
|
Opening/Closing |
May 8, 2000 / May 13, 2000 |
Promoters |
Sekhar, Jayanthi S
|
Associate Co. |
—
|
Managing Director |
Sekhar
|
Post-issue Stake |
43.97% |
Issue |
|
Size |
Rs 82.5 million |
Price |
Rs 60. Rs 10 per share, premium Rs 50
|
On Application |
Rs 30
|
On Allotment |
Rs 30
|
Objective |
Set up five development centers in major metros, equip these with the latest gizmos, set up a development center cum corporate office at New Bombay, takeovers and mergers, advertising and promotions and to repay debts
|
Business |
|
Product |
Software project implementation
|
Location |
New Bombay
|
Project cost |
Rs 175 million
|
Funded by |
Mostly through equity and a small part through internal accruals
|
Kensource projections |
(2001) |
Sales |
Rs 118.68 million
|
Profit |
Rs 9.28 million
|
Earnings per share |
Rs 1.69 |
Return on equity |
5% |
Comment | The business strategy is not very clear. The company seems to be doing too many things at the same time.
|
Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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